05 LC 21
8330
House
Bill 821
By:
Representatives Yates of the
73rd,
Knight of the
126th,
and Lunsford of the
110th
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Title 47 of the Official Code of Georgia Annotated, relating to retirement
and pensions, so as to provide that a superior court judge or district attorney
who is an active member of the Georgia Judicial Retirement System may obtain
creditable service for certain prior service as a circuit-paid assistant
district attorney; to provide for application and payment of the full actuarial
value of such service; to provide conditions and limitations; to provide for an
effective date and automatic repeal; to repeal conflicting laws; and for other
purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Title
47 of the Official Code of Georgia Annotated, relating to retirement and
pensions, is amended by inserting immediately following Code Section 47-23-64 a
new Code section to read as follows:
"47-23-65.
Any
superior court judge or district attorney who is an active member of this
retirement system may receive up to five years of creditable service for his or
her past service as a circuit-paid assistant district attorney who was not
eligible to participate in a local retirement plan upon payment to the board of
trustees of an amount which will allow such creditable service without creating
any accrued actuarial unfunded liability as to this retirement system. Any
member desiring such creditable service shall make application to the board of
trustees in such form as the board deems appropriate and shall make payment not
later than December 31, 2006, or within six months of first or again becoming a
member, whichever is later. No creditable service shall be allowed under this
Code section for any period of employment for which creditable service is
allowed under any provision of any other retirement or pension system of this
state or of any political subdivision of this
state."
SECTION
2.
This
Act shall become effective on July 1, 2006, only if it is determined to have
been concurrently funded as provided in Chapter 20 of Title 47 of the Official
Code of Georgia Annotated, the "Public Retirement Systems Standards Law";
otherwise, this Act shall not become effective and shall be automatically
repealed in its entirety on July 1, 2006, as required by subsection (a) of Code
Section 47-20-50.
SECTION
3.
All
laws and parts of laws in conflict with this Act are repealed.